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Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.) Felix & Company reports
Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.) Felix & Company reports the following information. Unita Produced Total Cost Period 2 0 400 $2,515 3,235 3 3,955 1,200 4,675 1,600 5,395 2,000 6,115 2,400 6,835 2,000 7,555 3,200 8,275 3,600 8,995 Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3.000 units are produced. Check my work
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